- Instructor: Attorney Bob Schaller
- Lectures: 10
- Quizzes: 1
Categories: Installment Agreements
Partial Payment Installment Agreements.
Is your client unable to pay the back-taxes in full prior to the collection statute expiration date? Then all installment agreement programs discussed in earlier courses are of no use – because those installment agreements require the taxpayer to fully pay the tax liability prior to the collection statute expiration date.
Instead, a “Partial Payment” installment agreement may be the answer for a taxpayer who is unable to satisfy the tax liability through any other type of installment agreement before the collection statute expiration date.
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Overview of Partial Payment Installment Agreements
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IRS' Authority to Accept PPIA
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Compliance Requirement
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Bi-Annual Review of Taxpayer's Financial Wherewithal
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Income Calculation for Payment Amount
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Asset Calculation for Payment Amount
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Economic Hardship
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Trust Fund Liability
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In-Business v. Out-of-Business
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Extending the Collection Statute Expiration Date
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Quiz
Reviews
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Tax Law
This course teaches the tax professional that a “Partial Payment” installment agreement may be the answer for a taxpayer who is unable to satisfy the tax liability through any other type of installment agreement before the collection statute expiration date.
Related Courses
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OIC 105: Is the OIC Offer “Processable?” – Part 1
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OIC 106: Is the OIC Offer “Processable?” – Part 2
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OIC 128: OIC Affects an Installment Agreement
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